2 ASX shares to buy if you don't want to invest in the share market: experts

Sick of falling stocks? How about real estate? A pair of advisors reveal how they would invest right now.

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If you're a regular reader of The Motley Fool, you don't need me to tell you that share markets have been in turmoil this year.

The S&P/ASX 200 Index (ASX: XJO) is down more than 4% for the year so far. But with resources and financials dragging the index up, many portfolios are looking far sicker than that right now.

So while you're holding and waiting for the tide to turn, what do you do?

If you feel too anxious about putting more money into the business world, perhaps real estate might be an alternative.

A great feature of the ASX is that you can also invest in property through the bourse.

Here are a couple of real estate investments that experts have marked as buys this week:

High occupancy rates even through COVID

Catapult Wealth portfolio manager Tim Haselum likes commercial real estate investment trust (REIT) Dexus Property Group (ASX: DXS).

Dexus manages "high quality" property, Haselum told The Bull.

"It sustains high occupancy and rent collection rates of more than 90%, and did so during COVID-19. These metrics are testament to the quality of its assets."

The Dexus share price has lost almost 6% this year, but over the past 12 months it's still gained 1.9%.

That's all while paying out a dividend yield of 4.8%.

"The company pays attractive dividends," said Haselum.

"Cash flow offers a level of certainty."

REIT that's also a growth stock

Industrial real estate manager Goodman Group (ASX: GMG) is Medallion Financial Group advisor Jean-Claude Perrottet's pick.

"This industrial property group recently released a third quarter operational update, forecasting earnings per share growth of 23% in fiscal year 2022."

Goodman shares are going for quite a discount at the moment, having dropped almost a quarter of their value in 2022.

Despite that, the stock price is still up 4.9% over the past 12 months.

Goodman's dividend yield isn't as high as many other real estate stocks, but it is considered a growth business.

"It has $13.4 billion of development work in progress across 89 projects," said Perrottet.

"Goodman has high quality tenants and an occupancy rate that increased to 98.7%. [It] is a quality business, with about $68.7 billion in assets under management."

Motley Fool contributor Tony Yoo has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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